Dr Vilem Semerak, researcher and lecturer at the Institute of Economic Studies of Charles University in the Czech Republic, reckons Myanmar should abandon its import substitution policies and start thinking ahead. Import substitution advocates replacing foreign imports with domestic production. During his presentation on trade, industrialisation and growth in Myanmar for 2018 at the Mandalay […]
Read MoreDespite the slowdown in economic growth, the growth rate for Myanmar is expected to reach 6.8 percent for the fiscal year 2017-18, U Htin Kyaw, the country’s president, said during the national planning commission’s meeting on Tuesday, according to the president’s office. This is because the weather in the time of harvest was favourable as […]
Read MoreLeaders from the six countries that the Mekong River runs through yesterday endorsed two key strategies at the latest summit of the Lancang-Mekong Cooperation (LMC), which was held in Phnom Penh’s Peace Palace. The Phnom Penh Declaration was one of the documents approved, an action plan that focuses on four main areas: political and security […]
Read MoreThe Myanmar Investment Commission (MIC) is seeking to scale up domestic and international investments in the logistics and manufacturing sectors, according to law firm DFDL. The commission invited investors to develop logistics services located in major urban areas as well as trading hubs on December 26 last year. The specific types of investment areas open […]
Read MoreRichard Bowles, regional managing director for ASEAN at Arianespace, which launches satellites, is convinced banks’ struggle to reach Myanmar’s unbanked population will end with the launch of its first satellite, slated for some time next year. “Satellites are an important part of a country’s economic development. Looking at Myanmar’s satellite leasing capacity, it’s a good […]
Read MoreThe Yangon Regional Government will review and restructure the city’s property tax system as part of a wider effort to improve and develop the Yangon region, Chief Minister U Phyo Min Thein said in December. The Chief Minister was speaking during the launch of a discussion and research paper proposing changes to the Myanmar property […]
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